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pmbug said:
For as long as I've been paying attention, it seems US regulators have had a hard on for Binance. Whether the attention is legitimate or political I don't know, but they have definitely had the eye of Sauron on their backs for a long time.
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It's having the desired effect... they knew they could create an issue here even if there was no issue.
 
S&P is still on the reservation. Breakout or break down. That last candle isn't looking good. Is it possible the pivot is totally discounted already?SPX_2022-12-14_20-53-14.png
 
Zed said:
A CBDC doesn't need a bank so unbanked isn't an issue. For the most part a decent crypto replaces most of what a banks does save for the lending function and there is nothing to stop them lending direct. In theory they could link it to a card, you'd have to be no more tech savvy than have the ability to swipe a card to read a balance or pay for something.

The biggest hurdle will be attitudes...

I dunno that they will go the full 9 yards to start with due to public attitudes but they can make the tech very approachable.

2c FWIW.
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They can sell it to the masses that it is just like a credit card only problem is they can turn it off anytime they like. Not good.
 
Lancers32 said:
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From the replies to @BernieSpofforth - it's an old video (referencing the Morrison government) and was never implemented. That said:

Privacy, encryption vs. Surveillance state

NWO doesn't like end to end encryption. This is one of the most fundamental issues regarding liberty and tyranny of our age. Should the five eyes succeed, it will give governments around the world massive potential for tyranny and abuse...
www.pmbug.com www.pmbug.com
 
...
Binance CEO Changpeng Zhao on Wednesday said that the situation has "stabilized" at his cryptocurrency exchange, in a bid to assuage investors' fears after the company was forced to halt withdrawals of a stablecoin.

Zhao said that around $1.14 billion of net withdrawals took place on Tuesday, but tweeted that this was "not the highest withdrawals we processed, not even top [five]." The CEO said deposits are returning to Binance.
...
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www.cnbc.com

Binance CEO says deposits are 'coming back in' but sees 'bumpy' road ahead for the crypto firm

Binance CEO Changpeng Zhao on Wednesday said that the situation has "stabilized" at his cryptocurrency exchange in a bid to assuage investors' fears.
www.cnbc.com www.cnbc.com
 
pmbug said:
From the replies to @BernieSpofforth - it's an old video (referencing the Morrison government) and was never implemented. That said:

Privacy, encryption vs. Surveillance state

NWO doesn't like end to end encryption. This is one of the most fundamental issues regarding liberty and tyranny of our age. Should the five eyes succeed, it will give governments around the world massive potential for tyranny and abuse...
www.pmbug.com www.pmbug.com
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True... but the idea probably will not go away, Morrison was on our right such as it is. The left wanted an Australia Card ID to cover everything a long time ago. I'm certian the idea has not gone away.
 
savvydon said:
Hemke on what comes in 2023 for the PMs. Bullish or bullish*t?
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It looked pretty reasonable to me. It will be hard for (paper) PMs to breathe until the Fed removes the boot from the market's neck.
 
pmbug said:
It looked pretty reasonable to me. It will be hard for (paper) PMs to breathe until the Fed removes the boot from the market's neck.
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I agree. I think some of what happens will hinge on the USD status as the world's reserve currency. While I don't expect things to turn on a dime, it certainly seems like dollar domination on the world stage is being diluted as forces realign and China continues to exert their developing muscle. There are just too many world political variables to nail down timing, but you can be sure that when the Fed finally sees the writing on the wall and removes pressure from the PM market its ascension will be blamed on something else besides the death of dollar hegemony.
 
The U.S. economy is slowing a lot faster than expected as regional central bank data shows sharp declines in the manufacturing sector.

Both the New York Federal Reserve and the Philadelphia Federal Reserve shows a further contraction in their manufacturing surveys.
...
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www.kitco.com

Empire State and Philly Fed manufacturing survey's disappoint; gold prices remains under solid selling pressure

(Kitco News) - The U.S. economy is slowing a lot faster than expected as regional central bank data shows sharp declines in the manufacturing sector.
www.kitco.com

... the European Central Bank raised interest rates by 50 basis points across the board, in line with expectations.
...
The ECB also struck a hawkish tone signaling further rate hikes will be needed to bring inflation pressures down. ...
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www.kitco.com

Gold prices remain down as ECB raises interest rates and signals more to come in 2023

(Kitco News) - Spot gold prices are holding near session lows against the euro and not seeing any new price movement after the European Central Bank raised interest rates by 50 basis points across the board, in line with expectations.
www.kitco.com

... the Bank of England raised interest rates in line with expectations and signaled further rate hikes in 2023 to bring inflation down.

As expected, Thursday, the Bank of England raised interest rates by 50 basis points ...
...
The central bank said that a big risk to inflation remains the labor market and could prompt more tightening.
...
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www.kitco.com

Bank of England raises interest rate as expected by 50bps to 3.5%

(Kitco News) - Gold prices against the British pound remain under pressure after the Bank of England raised interest rates in line with expectations and signaled further rate hikes in 2023 to bring inflation down.
www.kitco.com

Bob Dylan said:
...
But I would not feel so all alone
Everybody must get stoned
...
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Central Banks all raising rates together. Inflation must be crushed.
 
pmbug said:
www.kitco.com

Empire State and Philly Fed manufacturing survey's disappoint; gold prices remains under solid selling pressure

(Kitco News) - The U.S. economy is slowing a lot faster than expected as regional central bank data shows sharp declines in the manufacturing sector.
www.kitco.com



www.kitco.com

Gold prices remain down as ECB raises interest rates and signals more to come in 2023

(Kitco News) - Spot gold prices are holding near session lows against the euro and not seeing any new price movement after the European Central Bank raised interest rates by 50 basis points across the board, in line with expectations.
www.kitco.com



www.kitco.com

Bank of England raises interest rate as expected by 50bps to 3.5%

(Kitco News) - Gold prices against the British pound remain under pressure after the Bank of England raised interest rates in line with expectations and signaled further rate hikes in 2023 to bring inflation down.
www.kitco.com



Central Banks all raising rates together. Inflation must be crushed.
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Oh, something is gonna be crushed alright...🧐
 
Kitco gold chart is getting that 'contained' look, I don't really like it that much. Looks unnatural.

gold.gif

Not that the vertical leaps and falls ever look that great!
 
savvydon said:
There are just too many world political variables to nail down timing, but you can be sure that when the Fed finally sees the writing on the wall and removes pressure from the PM market its ascension will be blamed on something else besides the death of dollar hegemony.
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The death of dollar hegemony will be blamed on the gold bugs when PM prices ascend.
 
savvydon said:
While I don't expect things to turn on a dime, it certainly seems like dollar domination on the world stage is being diluted as forces realign and China continues to exert their developing muscle.
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Never mind they're printing the dollar as if it grew on trees....
 
So Armstrong's Socrates said that since Gold closed under $1700 at the end of the third quarter (September) that is was bearish. Now says after the first week of January everything the Dollar included goes up in tandem.
 
If the Fed keeps their boot on the markets neck with raising rates, I don't think we're going to see any major liftoff in anything Q1 (unless something breaks - like the Comex).
 
Silver December Delivery - 3609 to date with 1068 contracts still open...
Gold December Delivery - 20271 to date with 325 contracts still open...

and maybe 5 trading days to last delivery.

We are getting late in the delivery window, silver looks tight.
 
I never realized how much DIY porn is on Twatter, LOL, I got kicked off once for saying someone needed a slap upside of the head. Hmmmmm... buggery in technicolor is fine though! What a werld!
 
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AUD Gold Monthly - Cleaner looking chart than the USD chart. Looks like it has enough juice in the tank to make the upside break.

XAUAUD_2022-12-22_12-35-43.png
 
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